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News
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LCG, April 29, 2025--Officials from the U.S. Environmental Protection Agency (EPA) and Texas Railroad Commission (RRC) signed a memorandum of agreement (MOA) today outlining the state’s plans to administer programs related to carbon storage wells, known as Class VI wells. The MOA signing is a required step in the RRC’s application to be granted authority to permit Class VI wells in the state of Texas. EPA is currently preparing a proposed approval of RRC’s primacy application.
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LCG, April 24, 2025--Exxon Mobil Corporation (ExxonMobil) announced yesterday an agreement with Calpine Corporation (Calpine) to transport and permanently store up to 2 million metric tons per annum (MTA) of CO2 from Calpine’s Baytown Energy Center, a natural gas-fired facility located near Houston, Texas. This is part of Calpine’s Baytown Carbon Capture and Storage (CCS) Project that is designed to add CCS for the facility’s CO2 emissions. The Calpine facility could then provide a 24/7 supply of low-carbon electricity to the Texas grid plus steam to nearby industrial facilities.
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Press Release
2015 ERCOT Electricity Market Outlook
LCG, March 23, 2012 – LCG Consulting (LCG) of Los Altos, California, has released its findings concerning future grid operations and market conditions in ERCOT in a new report, 2015 ERCOT Electricity Market Outlook, which summarizes hourly simulations for the entire year. The 2015 Outlook report will be of interest to market participants needing in-depth insight into key metrics such as load zone and hub prices, ancillary service (A/S) prices, hub prices, transmission lines experiencing significant congestion, and the value of congestion revenue rights (CRRs).
LCG can provide targeted, additional details from this market study, such as individual generator costs and revenues, hourly nodal prices (LMPs), transmission congestion, N-x contingencies, wind curtailment and other information of special interest.
The simulation of the ERCOT market was conducted with the UPLAN Network Power Model, LCG’s flagship simulation software that is unparalleled for fundamentals-driven market forecasting and analysis.
UPLAN Network Power Model (NPM) replicates the behavior of regional power markets and power systems to simulate the financial and physical operations of entire grids. It simulates the bidding process for the Energy and Ancillary Service markets and dispatches generators hourly, using region-specific protocols. UPLAN is extensively used in ERCOT for nodal and load zone studies for various stakeholders as well as by ERCOT itself. UPLAN-NPM is typically utilized to assess capital investment opportunities and risks associated with prospective and existing generation and transmission assets.
Please see the flyer for more information. To obtain the 2015 ERCOT Outlook Report, please contact Julie Chien.
About LCG Consulting:
With more than 25 years of experience, LCG Consulting is a pioneer and market leader in modeling the competitive energy market. LCG Consulting offers a full range of consulting services and software products for energy producers, suppliers and traders seeking to optimize resources in a competitive energy market.
Contact: Julie Chien
LCG Consulting
julie.chien@energyonline.com
www.EnergyOnline.com
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UPLAN-NPM
The Locational Marginal Price Model (LMP) Network Power Model
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UPLAN-ACE
Day Ahead and Real Time Market Simulation
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UPLAN-G
The Gas Procurement and Competitive Analysis System
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PLATO
Database of Plants, Loads, Assets, Transmission...
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